Renaissance Energy Ltd. (Toronto: RES), Calgary, filed a short-form shelf prospectus with securities regulators in all of Canada's provinces to issue up to C$600 million of medium-term notes from time to time up to November 2001. The producer will use net proceeds from any sale of the debt to pay commercial paper borrowings and bank loans, for ongoing capital spending and for general funds. All notes issued under the prospectus will be unsecured, issued pursuant to a trust indenture and will rank equally with Renaissance's other unsecured debt. Renaissance has retained T.D. Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc. and Nesbitt Burns Inc. to act as agents in Canada, where any debt sold under the prospectus would be offered. Apache Corp. (NYSE: APA), Houston, said that its Apache Finance Canada Corp. unit sold C$300 million of 7.75% coupon notes, which will mature Dec. 15, 2029. Goldman, Sachs & Co. was lead manager. The bonds were priced to yield 7.839%. Interest is payable semiannually on June 15 and Dec. 15. The first coupon is payable June 15, 2000. Apache Corp., which unconditionally guarantees the notes, will use the issue's proceeds to pay commercial paper issued to finance the independent producer's acquisition of producing properties and other assets in Canada from Shell Canada Ltd. (Toronto: SHC). Comstock Resources Inc. (NYSE: CRK), Frisco, Texas, reported that its commercial bank group approved an increase in its borrowing base from $162.5 million to $175 million, providing Comstock $71 million of unused availability under the revolving credit facility. Banc One Capital Markets Inc. arranged the new revolver, in which Bank One, Toronto Dominion (Texas) Inc., Banque Paribas, MeesPierson Capital Corp., Christiania Bank OG Kreditkasse ASA, Credit Lyonnais, General Electric Capital Corp., Bank of Scotland, Natexis Banque-BFCE and National Bank of Canada are participating. Range Resources Corp. (NYSE: RRC), Fort Worth, established a new revolving credit facility for its Independent Producer Finance subsidiary. The $100-million facility has a $56-million initial borrowing base, approximately $10 million of which is available currently. The revolver provides for increases in the borrowing base due to new investments. IPF provides financing to smaller independent oil and gas operators to help fund their acquisition and development activities. Delta Petroleum Corp. (Nasdaq: DPTR), Denver, completed a new 4.5-year financing agreement with Kaiser-Francis O il Co. for $8 million. Proceeds were used to conclude the producer's acquisition of Whiting Petroleum Corp.'s interest in the Point Arguello and Rocky Point units, to replace bridge financing that had been incurred to make interim payments on the Point Arguello properties and to purchase other producing properties from Whiting in Texas and New Mexico. 3Tec Energy Corp. (Nasdaq: TTEN), Houston, formerly Middle Bay Oil Co., entered into a new $250-million credit facility with Bank One, Texas as agent and Union Bank of California, Wells Fargo Bank, CIBC Inc. and Bank of Nova Scotia as participating lenders. Under the new facility, the producer's borrowing base has been set at $95 million, with $90 million currently outstanding. The borrowing base will be redetermined on a semiannual basis. Interest payments under the facility are made at 3Tec Energy's option based on the London Interbank Offered Rate or at a rate based on Bank One's prime. The borrowings under the facility are secured by substantially all of 3Tec Energy's properties. Enbridge Inc. (Toronto: ENB), Calgary, filed a shelf prospectus with Canadian regulatory authorities to issue up to C$900 million of unsecured medium term notes over a two-year period. The net proceeds from the sale of the debt to Canadian investors will be added to the general funds of the energy transportation, distribution and service company to reduce outstanding debt, to finance capital expenditures and investments and for general corporate purposes. The notes will not be registered in the United States and may not be offered or sold there unless authorized by law. RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., Nesbitt Burns Inc., Scotia Capital Inc. and T.D. Securities Inc. are agents for the note program. Hanover Compressor Co. (NYSE: HC), Houston, completed the private offering of $75 million of convertible trust preferred securities to certain qualified institutional buyers. The natural gas compression service and equipment supplier plans to use the net proceeds from the offering to pay down its revolving credit facility and make more capital available for growth. UTI Energy Corp. (Amex: UTI), Houston, completed a $65 million, four-year revolving credit facility with The CIT Group / Business Credit Inc. (CIT), replacing a prior $30 million bank line of credit. The new facility, which is secured by the Houston onshore drilling contractor's assets, calls for periodic interest payments at a floating rate, ranging from London Interbank Offer Rates plus 1.75% to LIBOR plus 2.75%, based on UTI's trailing 12-month earnings before interest, taxes, depreciation and amortization. "This long-term facility, along with more than $12 million in currently available cash, will allow us both to continue our strategic development through acquisitions and to pursue other corporate opportunities," said Mark S. Siegel, chairman of the onshore drilling contractor.